The price of BNB has reached a new peak at $1110, technical indicators suggest further rise.

On Friday, October 3, the price of BNB reached a new all-time high of $1110.9. This is 31% higher than last month's low and 107% higher than this year's low.
The daily chart shows that since the end of June this year, BNB has been demonstrating a steady rise. It has surpassed a significant resistance level at $797.7, which was reached on December 4.
The price of BNB has risen above all key moving averages, with the 50-day SMA crossing the 200-day SMA, forming a bullish pattern known as the "golden cross," which has historically preceded a strong rise over the course of several weeks or months.
In technical analysis, this figure is formed when an asset trades between two ascending parallel trend lines. Typically, it indicates a stable upward trend and suggests an increase in profit as long as the price remains within the channel. A breakout above the upper trend line serves as an even stronger bullish signal and often indicates an acceleration of the upward momentum.
The MACD lines are also trending upward, and the green histograms are rising. Aroon Up is at 100%, while Aroon Down is at 50%. This situation indicates that buying pressure significantly exceeds selling pressure.
Thus, BNB is likely to continue moving towards the psychological resistance level at $1200.